Large Bank Supervision Forum 2023

Magnet Vs Establishment Market Groupings a change

Housing is going to be a “tough sled” anywhere in 2023 . Why? The numbers don’t work! (Construction Costs, Cost of Mortgages, lack of Affordability).

https://knowledge.uli.org/-/media/files/emerging-trends/2023/emerging-trends_uscanada-2023.pdf

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Where Workforce & Population are Moving to “OUTRUN” Inflation & Recession? CRE will Follow the Workforce – Less Value Decline in South & Inner-Mountain

U-Haul Growth States of 2022: Texas, Florida Top List Again

2022 U-Haul Growth States

Texas, Florida and the Carolinas were the preferred destinations of one-way U-Haul® truck customers during 2022, ranking as the top growth states on the annual U-Haul Growth Index. U-Haul transactional data confirms that migration to the Southeast and Southwest U.S. – trends that were amplified and accelerated during the pandemic – continued through last year, although overall DIY moves slowed slightly in most states from the record-breaking number of moves in 2021 .

1. TEXAS (1) 2. FLORIDA (2)

7. ARIZONA (5) 8. GEORGIA (23) 9. OHIO (24) 10. IDAHO (9) 11. COLORADO (7) 12. UTAH (28)

3. SOUTH CAROLINA (4) 4. NORTH CAROLINA (19)

5. VIRGINIA (31) 6. TENNESSEE (3)

Where can workforce and businesses “Outrun Inflation” and AFFORD to live and attract Workforce?  South (TX, FL, Carolinas, VA)  Inner-Mountain (AZ, ID, UT, CO)

Demand for equipment out of California, Illinois and New York remained strong in 2022, as more people opted to leave areas of the West Coast, Northeast and Midwest. California and Illinois ranked 50th and 49th, respectively, on the U-Haul Growth Index for the third consecutive year, meaning those states saw the greatest net losses of one-way U-Haul trucks.

U-Haul Growth States of 2022: Texas, Florida Top List Again | U-Haul (uhaul.com)

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